IFC proposes $15m investment in edtech-focused Learn Capital’s 4th fund

International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $15 million in a parallel fund that will invest alongside the vehicle managed by Silicon Valley-headquartered Learn Capital.

Learn Capital, founded in 2008, focuses exclusively on education technology (edtech) investments largely in emerging markets. It is raising $200-250 million for its fourth fund – Learn Capital Venture Partners IV.

IFC was the anchor investor in Learn Capital Fund III, a $150-million fund with a specific emerging market focus and mandate.

Rob Hutter and Greg Mauro manage the main fund. IFC said the general partner and fund manager would be the same for the parallel fund. A parallel fund is an investment vehicle formed to invest and divest in the same investments at the same time as the main fund.

According to IFC, the parallel fund will invest in portfolio companies of Learn Capital Venture Partners IV that do not participate in ownership or operation of K-12 schools and have substantial existing emerging markets footprint.

“IFC expects that the parallel fund will increase investment available to education and skills-focused start-up companies across emerging markets, including geographies with limited access to venture capital,” the lender said.

IFC is also confident that the proposed investment will send a strong signal of support to investors and assist Learn capital in meeting the target for Fund IV’s final close.

Learn Capital invests in learning content, platforms, and services. Its debut fund, Learn Capital Venture Partners I, raised $50 million in 2012.

Its portfolio companies include Tencent-backed online education startup Udemy Inc; Indian edtech startup Springboard; online learning startup Coursera, which counts India as its second-largest market after the US; job matching site Kalibrr; and VIPKid, a platform that brings the US educators and elementary children in China together.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.